48980 Rabun Rd Bay Minette, AL 36507
For Sale
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This exceptional 0.74-acre commercial/industrial land parcel presents a compelling investment opportunity in rapidly growing Bay Minette, Alabama. Situated on a corner lot with 345 feet of paved road frontage along Rabun Road/Highway 287 and Ransom Stewart Lane, this property boasts exceptional visibility and accessibility. The site benefits from a high average annual daily traffic count of nearly 10,000 vehicles, ensuring significant exposure for any development. Its strategic location is a key advantage, being only 0.8 miles from the upcoming Novelis Recycling plant (projected 1,000+ employees by 2025) and a half-mile from the South Alabama Mega Site. Furthermore, its proximity to Interstate 65 (2 miles, with over 20,000 vehicles daily) provides easy access to a wider regional market. The property is designated as an Opportunity Zone, offering potential tax advantages. Previously a service station, the site features four underground tanks (removal quote available). The absence of zoning allows for diverse development options, including but not limited to service stations, fast food establishments, multi-family complexes, hotels, retail centers, self-storage facilities, or RV parks. This property's combination of location, accessibility, and Opportunity Zone status makes it an ideal investment for those seeking strong returns in a thriving market. The asking price is $800,000, with a land value of $1,081,081.08 per acre. The property's APN is 05-18-08-27-0-000-005.001 and is offered fee simple.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.